Business Wire

Bboxx and Trafigura to accelerate progress on UN SDG 7 in Africa

Share

Bboxx, a next generation utility, is partnering with Trafigura, one of the world’s leading independent commodity trading companies, to accelerate progress on meeting United Nations Sustainable Development Goal 7 (UN SDG 7) – clean energy for all – in Africa.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210204005113/en/

Bboxx LPG clean cooking customer (Photo: Bboxx)

Bboxx LPG clean cooking customer (Photo: Bboxx)

Bboxx manufactures, distributes and finances decentralised solar powered systems in developing countries, operating across Africa and Asia, and in the ten years since Bboxx was founded, it has positively impacted over one million people through clean energy. Trafigura’s minority equity investment comes as Bboxx embarks on the next phase of its growth and accelerates its clean cooking commitments – a key part of tackling energy poverty and meeting UN SDG 7.

Inaction on the clean cooking crisis is costing the world over $2.4 trillion each year*. The use of charcoal and wood result in significant emissions of greenhouse gases and black soot, as well as deforestation. The lack of modern cooking solutions also has negative health and gender equality consequences, and results in lost economic opportunities. Access to modern clean cooking services using Liquefied Petroleum Gas (LPG) is significantly cleaner and a vital step in the energy transition to low and zero-carbon sources.

This landmark agreement brings together complementary expertise to fast-track progress on clean cooking access in Africa. Bboxx’s innovative Internet of Things (IoT) technology and experience from its established Pay-As-You-Go (PAYG) Solar Home Systems business, are all needed to deliver clean cooking in a scalable and distributed model. Bboxx has been applying this expertise to PAYG LPG clean cooking through pilots in the Democratic Republic of Congo (DRC), Rwanda and Kenya. It has been ramping up efforts in the DRC after receiving funding from USAID to roll out a PAYG LPG clean cooking access programme.

As a global leader in LPG, Trafigura will play a major role in the future supply growth of LPG across Africa. Trafigura has recently set targets to reduce its operational greenhouse gas emissions and is committed to accelerating the energy transition through its Power and Renewables division, which is investing in renewable energy projects and building a portfolio of investments in innovative renewable technology firms.

Mansoor Hamayun, CEO and Co-Founder of Bboxx commented: “We are committed to tackling energy poverty in all its forms – and it is unacceptable that in 2021 billions of people still live without access to clean cooking facilities. The world is still a long way off meeting UN SDG 7 – clean energy for all – and by forging partnerships and working with major global firms like Trafigura, we can turbocharge progress to unlock potential and transform even more lives for the better.”

James Josling, Head of Africa Energy Trading for Trafigura said: “Trafigura’s investment in Bboxx forms part of our strategy to continue to develop markets for LPG as a lower carbon fuel for clean cooking. Bboxx’s innovative business models and proven expertise in providing renewable energy services make it an ideal company to collaborate with and an attractive investment for Trafigura.”

ENDS

Notes to editors

Source:

* World Bank, Nearly Half the World’s Population Still Lacks Access to Modern Energy Cooking Services, 24 September 2020

About Bboxx

Bboxx is a next generation utility, transforming lives and unlocking potential through access to energy. Bboxx manufactures, distributes and finances decentralised solar powered systems in developing countries. It is scaling through forging strategic partnerships and its innovative technology Bboxx Pulse®, a comprehensive management platform using IoT technology. Through affordable, reliable, and clean utility provision, Bboxx is bringing people into the digital economy, creating new markets, and enabling economic development in off-grid communities and those living without a reliable grid connection. The company is positively impacting the lives of more than one million people with its products and services in over 35 markets, directly contributing to 11 of the 17 United Nations Sustainable Development Goals.

So far, Bboxx has deployed more than 350,000 solar home systems. Bboxx has over 800 staff across nine offices including in the Democratic Republic of Congo, Kenya, Rwanda, and Togo, with its head office in the UK and its manufacturing operations in China. In 2019, Bboxx was the winner of the Zayed Sustainability Prize in the Energy category – testament to the way the company is making a meaningful difference to people’s lives around the world. You can find further information about Bboxx on its website at – https://www.bboxx.com/

About Trafigura

Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world and has recently established a power and renewables trading division.

The trading business is supported by industrial and financial assets, including a majority ownership of global zinc and lead producer Nyrstar which has mining, smelting and other operations located in Europe, Americas and Australia; a significant shareholding in global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura's Mining Group; and Galena Asset Management. With circa 850 shareholders, Trafigura is owned by its employees.

Over 8,500 employees work in 48 countries around the world. Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD147 billion in 2020. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade. Visit: https://www.trafigura.com

Contact information

For more information please contact:
Bboxx
Instinctif Partners
Amy Boekstein
Email: bboxx@instinctif.com
Phone: +44 (0) 7457 2064

Trafigura
Press Office
Email:media@trafigura.com
Phone: +41 (0) 22 592 4528

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

The Estée Lauder Companies to Issue $600 Million of Senior Notes2.3.2021 01:28:00 CETPress release

The Estée Lauder Companies Inc. (NYSE: EL) today announced the offering and pricing of $600 million aggregate principal amount of 1.950% Senior Notes due 2031. The offering was made pursuant to an effective registration statement filed by The Estée Lauder Companies Inc. with the Securities and Exchange Commission and effective as of May 21, 2018. The closing of the offering is expected to occur on or about March 4, 2021. The Company intends to use the net proceeds of the offering for general corporate purposes, which may include funding a portion of the purchase price to increase its investment in DECIEM Beauty Group Inc., operating expenses, working capital, capital expenditures and redemption and repayment of short-term or long-term borrowings, including refinancing the 1.700% Senior Notes due May 10, 2021. Pending any specific application, the Company may initially invest funds in short-term marketable securities. BofA Securities, Inc., BNP Paribas Securities Corp., Goldman Sachs &

Lattice Expands mVision Solutions Stack Capabilities1.3.2021 22:00:00 CETPress release

Lattice Semiconductor Corporation (NASDAQ: LSCC), the low power programmable leader, launched the latest version of its award-winning solutions stack for low power embedded vision systems, Lattice mVision™ 2.0. The new version features multiple updates that further accelerate the design of embedded vision applications for industrial, automotive, medical, and smart consumer systems. It includes support for popular new image sensors used in industrial and automotive systems and a new image signal processing IP core and reference design to help developers design smart vision applications at the Edge. The stack also includes support for the Lattice Propel™ design environment to simplify development of vision systems with an embedded RISC-V processor. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210301005142/en/ The Lattice mVision solutions stack is a comprehensive collection of modular hardware platforms, IP building blocks,

Lattice Sentry Solutions Stack 2.0 Enhances Cyber Resiliency with New Expanded Capabilities1.3.2021 22:00:00 CETPress release

As the next step in its ongoing mission to deliver secure, cyber-resilient system control solutions, Lattice Semiconductor Corporation (NASDAQ: LSCC), the low power programmable leader, today announced the latest version of its solutions stack for secure system control, Lattice Sentry™ 2.0. The solutions stack enables next-generation hardware Root-of-Trust (HRoT) solutions compliant with NIST Platform Firmware Resiliency (PFR) Guidelines (NIST SP-800-193) and supporting 384-bit encryption. This new version of Lattice Sentry addresses the rapidly evolving security requirements of current and emerging server platforms by providing developers an efficient and secure way to quickly implement enhanced system and cryptographic applications. The stack supports firmware security for the communications, computing, industrial, automotive, and smart consumer markets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210301005143/en/ The L

Verimatrix’s Lu Bolden To Speak on Latest Video Piracy Trends During SportsPro OTT Summit USA1.3.2021 17:45:00 CETPress release

Regulatory News: Verimatrix, (Paris:VMX) (Euronext Paris: VMX), the leader in powering the modern connected world with people-centered security, today announced that Lu Bolden, Chief Revenue Officer, is scheduled to participate in a virtual panel discussion during this year’s SportsPro OTT Summit USA from 10:30 to 11:45 a.m. PST on Thursday, March 4. Titled, “Taking on Piracy in 2021,” the panel is moderated by Chris Kuelling, Executive Director of the International Broadcaster Coalition Against Piracy, and includes the following other speakers: Michele Gosetti, Head of Global Sales & Marketing, Eurovision Daniel Ghosh-Roy, Chief Digital Officer, Professional Fighters League The value of sports content remains strong, with broadcast revenue growing in emerging sectors such as niche sporting events and e-sports. But the industry is undergoing massive changes driven by new technologies and business models -- with some sectors under duress. Securing live sports revenue is critical to the

Deque Systems Launches axe DevTools Pro1.3.2021 17:00:00 CETPress release

Deque Systems, the trusted leader in digital accessibility, announced today the availability of axe™ DevTools Pro. Built upon the wildly popular free axe browser extension, axe DevTools Pro is a huge step forward for digital equality, enabling dev teams to address accessibility at the source, using groundbreaking human and machine learning technology. Developers and novices alike can use axe DevTools Pro to run automated and Intelligent Guided Tests™ on their websites and applications, which directly address the core blockages preventing people with disabilities from enjoying all the web has to offer. Axe DevTools Pro can identify 76 to 84 percent of accessibility issues on a webpage, the industry’s broadest range of options for detecting and remediating accessibility problems. Over 19,000 developers and other users provided input to refine axe DevTools Pro during the 16-month beta period. Many of these suggestions have already been implemented. Axe DevTools Pro is available now at www

CMG Chief: 'Ancient Chinese Literature' TV Show Reveals Nation's Soul1.3.2021 16:05:00 CETPress release

The new hit television show "Ancient Chinese Literature" has promoted traditional Chinese culture and did well in telling Chinese stories to the world, said Shen Haixiong, the president of China Media Group (CMG) on Monday. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210301005624/en/ The CMG production interprets ancient Chinese books and brings classics to life with short stage plays. The show premiered on February 12, the first day of the Chinese New Year, and has set record ratings in its category, becoming a hot topic on Chinese social media. "It's not out of our expectation," wrote Shen in an article titled "Why we created the program 'Ancient Chinese Literature'," which was published in the fifth issue of Qiushi, the flagship magazine of the Communist Party of China (CPC) Central Committee. Shen said that the profound Chinese culture has carried forward for 5,000 years and is still full of vitality, noting that the

Auth0 Names Jameeka Green Aaron as Chief Information Security Officer1.3.2021 15:00:00 CETPress release

Auth0, the identity platform for application teams, today announced that Jameeka Green Aaron has joined the company as Chief Information Security Officer (CISO). Aaron brings more than 20 years of industry experience and will be responsible for the holistic security and compliance of Auth0’s platform, products, and corporate environment. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210301005173/en/ Jameeka Green Aaron joins Auth0 as CISO (Photo: Business Wire) Aaron is a recognized industry thought leader and has dedicated two decades to managing and improving information security systems at each of her previous positions, including Nike, Hurley, Lockheed Martin, and the U.S. Navy. She is also committed to advancing women and people of color in Science, Technology, Engineering, and Mathematics (STEM) fields and has participated in the U.S. State Department’s TechWomen program and the National Urban League of Young Professi